How to proceed when your dream home needs some TLC

So you’re thinking about renovating a house in Centro! You’ve watched the various ruins be transformed into stately neo-classical residences with all the modern conveniences, and you think this “best of both worlds” would suit you to a “T.” Wondering how go to go about it? Here are a few suggestions to help you achieve the dream home you’re imagining.

Avoid problems by putting on your ‘smart investor cap’

The best real estate deals occur when you get in early on a project, usually promoted as pre-sales or pre-con­struction opportunity. For your early commitment to a yet-to-be-built dwelling, de­velopers are usually willing to of­fer deep discounts relative to the trust you’re putting in them to build as promised.

Mazatlán’s different areas are each unique – which one’s for you?

Mazatlán has five very different areas, each unique in its own way. From north to south, these are Cerritos, the Marina, the Golden Zone, the Malecón and Centro Historico.

Cerritos, at the north end of Mazatlán, has become a very popular place for foreigners to purchase second homes. It’s a mixture of homes in gated communities and new beachfront condominiums. The beaches are beautiful and the area is tranquil. Lots of restaurants are opening at Playa Bruja and there’s a very nice trailer park. The bus system is excellent, able to take you all the way to Centro for under $10 pesos.

If you’re planning on retiring or living in Mexico, no doubt you’ve heard some confusing stories about buying property here. And while there are some differences in the process “south of the border,” one thing you can be sure about is the security of acquiring real estate through a fideicomiso, or otherwise a bank trust.